Elasticity Suppose the weekly demand function for a product is given by p = 100e-0.1q where p
Question:
p = 100e-0.1q
where p is the price in dollars and q is the number of tons demanded.
(a) What is the elasticity of demand when the price is $36.79 and the quantity demanded is 10?
(b) How will a price increase affect total revenue?
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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